In the new journey of Chinese path to modernization, "walking in the forefront" is the historical mission entrusted by the central government to Guangdong. In recent years, the three major platforms of Shenzhen Qianhai Shenzhen Hong Kong Modern Service Industry Cooperation Zone, Zhuhai Hengqin Guangdong Macao Deep Cooperation Zone, and Guangzhou Nansha New Area have achieved fruitful results, forming a total of 696 institutional innovation achievements and releasing 301 institutional innovation cases. The role of institutional innovation highlands has become more prominent, the level of coordinated development between Guangdong, Hong Kong, and Macao has significantly improved, and the construction of high-level open gateway hubs has achieved outstanding results. The South China Sea is surging, and the reform and opening up has taken the lead by bravely standing at the forefront. On December 5, 2023, the 7th anniversary of the opening of the Shenzhen Hong Kong Stock Connect. Over the past 7 years, the cumulative transaction amount of Shenzhen Hong Kong Connect has reached 74.32 trillion yuan. The annual cross-border flow of funds exceeding 10 trillion yuan demonstrates the smoothness and vitality of the Shenzhen Hong Kong Stock Connect funding channel. Qianhai is one of the regions with the most active cross-border capital flows. From the first cross-border RMB loan to being the first to open up cross-border two-way bond issuance and achieve cross-border two-way equity investment and other cross-border financial businesses, Qianhai has always made promoting the facilitation of cross-border capital flow a top priority in financial reform. As of the end of November 2023, there were 67100 individual investors participating in the "Cross border Wealth Management Connect" in the Guangdong Hong Kong Macao Greater Bay Area, involving cross-border funds of 11.56 billion yuan. Wang Jinxia, Deputy Director of Qianhai Management Bureau, said that Qianhai focuses on institutional innovation and deeply promotes institutional openness. From facilitating Hong Kong residents to open mainland bank accounts, to facilitating cross-border investment and financing for Hong Kong enterprises, from improving the facilitation level of cross-border trade settlement, to moderately relaxing restrictions on cross-border investment and financing... Various institutional and mechanism reforms are steadily advancing, and the "altitude" of the highland of opening up to the outside world is constantly rising. In August 2023, the "Guidelines for the Operation of" Qianhai Port Enterprise Loans "were issued, and among the 30 financial reform and innovation measures," supporting eligible Hong Kong funded small and micro enterprises in the Qianhai Cooperation Zone to obtain RMB loans from overseas banks within a limit of 5 million RMB "was officially implemented. Soon, the founder of Gangshun (Shenzhen) International Trade Co., Ltd. and Hong Kong Youth Eugene Port obtained a credit limit of RMB 2 million at the Bank of Communications Macau Branch. The first overseas loan of RMB 500000 is expected to be transferred to the company's account in January 2024. With the solid implementation of various reforms and the steady establishment of various systems, Qianhai has demonstrated strong international capital allocation capabilities, including Hong Kong enterprise loans, non landing foreign exchange purchases, cancellation of RMB capital dedicated deposit accounts for foreign direct investment, and the settlement of cross-border funds for new offshore trade. At present, there are 332 financial institutions including Dah Sing Bank and East Asia Qianhai Securities